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The SEC is ‘short-staffed’ and it needs more help to tackle everything from crypto to China, Gensler says
Thousands of American institutions are struggling to keep business running smoothly with limited staff in the Covid-19 era. That includes Wall Street’s top regulator, the Securities and Exchange Commission. Chairman Gary Gensler said Wednesday that the SEC is trying to juggle an unprecedented list of financial challenges with a smaller staff. “We are short-staffed,” Gensler told CNBC’s “Squawk on the Street.” “It might sound odd to say that at an agency with 4,400 remarkable, dedicated staff working remotely during this challenging pandemic. But that’s 4% to 5% less than we had just five years ago.” ... (full story)